Let us look at some of the top Jerusalem startups for 2019 from the pool of startups that received funding in 2018. These companies are expected to raise the bar in several areas in their respective industries with the help of the monetary capital secured this year.
Jerusalem’s growth and potential as a startup hub have gained international recognition in the recent years especially with the city being featured as one of the top 50 startup ecosystems globally in Startup Genome’s Global Startup Ecosystem Report 2018. Israel’s status as a top startup nation combined with the city’s technological readiness has given rise to some of the best tech-based companies in the region.
Top Jerusalem Startups to Watch out for in 2019
Jerusalem based startup Lightricks is a leading creator of photo and editing apps known for its products Facetune and Enlight. The trailblazing tech company raised $60 million in venture capital from ClalTech and Insight Venture Partners( lead investor) in 2018, capping the total investments raised till date to $70 million. A top startup in Jerusalem, Lightricks boasts of over a million customers and has seen unprecedented growth in revenue. Founded by Amit Goldstein, Itai Tsiddon, Nir Pochter, Yaron Inger, and Zeev Farbman in 2013, the company finds itself as one of the top Jerusalem startups for 2019 that grabbed the attention of tech giants like Facebook and Apple. One of the apps Facetune is a popularly used photo editing app whose users include prominent Hollywood celebrities.
Founded in 2010 by Mobileye founders Amnon Shashua and Ziv Aviram, OrCam Technologies is one of the top Jerusalem startups for 2019 in the health tech segment. A cutting-edge device platform that offers wearable visual aid has been the ticket to success for this top startup in Jerusalem. The company is leveraging artificial vision technologies to help people with various kinds of visual disabilities. OrCam Technologies secured $30.4 million from Meitav Investment House and Clal Insurance Enterprise Holdings earlier this year. The Jerusalem based startup joins the unicorn club with a valuation of $1 billion with this round. The total funds that Orcam Technologies has raised till now amount to $86.4 million.
Jerusalem based startup BrainQ Technologies’ is developing AI-based therapeutic approaches and technologies for treating neuro-disorders more effectively. The company was established in 2011 by co-founders Yaron Segal, Yotam Drechsler, and Esther Shohami who are also an integral part of the leadership team. This top startup in Jerusalem has $8.8 million in its kitty from the one funding round it participated till date. The round was completed in 2018 with investments from Qure Ventures, OurCrowd, Norma Investment, IT-Farm, and Amir Gross. BrainQ Technologies is one of the Jerusalem startups for 2019 that is projected to achieve new milestones in its ongoing clinical trials that hold the potential to revolutionize the healthcare system with the use of Artificial Intelligence.
Air Doctor is making it easier for international travelers to find doctors and avail their services with their online platform. The Jerusalem based startup has been in the market for two years now and has attracted investments worth $3.1 million. This amount was raised from Kamet in the startup’s only funding round till date. The new funds have directed the spotlight on this innovative company making it one of the top Jerusalem startups for 2019. The Air Doctor app has seen monthly downloads of as many as 352 times this year.? The startup was founded by Jenny Cohen Derfler in 2016 and leads the company as the CEO of the company.
The Jerusalem based startup Future Meat Technologies is at the forefront as a leading organization contributing to widespread animal-free meat production. The company uses cutting-edge cellular agtech methods for non-GMO manufacturing of muscle and fat cells. This top startup in Jerusalem is shaking up the startup ecosystem with its radical idea and the growing interest of investors in the company. Till date, Future Meat Technologies has raised $2.2 million from Tyson New Ventures and six other investors in its first year itself. One of the top Jerusalem startups for 2019, the company is the brainchild of bioengineering expert Yaakov Nahmias.
ASANA Technology is an emerging automotive software company that is also one of the top Jerusalem startups for 2019.? The company is one of many new startups that have come up in the city this year and was established by Barbara Siverts, Dr Gilad Zlotkin, Marc Girardot, and Pr. Burkhard G?schel. This top startup in Jerusalem is a provider for operating systems for smart cars. The SmartCarOS is the first step to make cars more adaptable to any tech advancements in the future and to make it more software-centric. The Jerusalem based startup has raised ?1 million within the first year of its incorporation from a seed round that was completed earlier this year.
Jerusalem based startup TuneFork is a revolutionary audio personalization technology company. The startup has an audio personalization app in the pipeline that can help individuals with hearing impairment or related issues get an optimal hearing experience. The company has grown to become one of the top Jerusalem startups for 2019 especially after participating in fruitful funding activities this year. TuneFork raised $370,000 in a seed round in July 2018; the company has also won a Healthcare Startup Competition by Sanara Ventures. The organization is also slated to invest seed money of up to $1 million in the company as a part of the prize. The Jerusalem based startup holds the potential to change the way people with hearing loss or issues live their lives by offering a better audio experience wherever they are once the app is developed. The company was co-founded by Tomer Shor and Yoav Blau.
NewStem is another one of the few top Jerusalem startups for 2019 from the biotech segment. The company is a spin-off from Yissum, the technology transfer company of the Hebrew University of Jerusalem. NewStem boasts of having developed a cutting-edge technology that is capable of predicting any resistance that may be faced by patients’ bodies during chemotherapy sessions. The Jerusalem based startup is developing a diagnostic kit leveraging the groundbreaking research in the area of human haploid pluripotent stem cells (HHPSCs). The novel startup has raised $4 million in a seed funding round from Hollywood Media Corp. and has joined the club of top Jerusalem startups for 2019 with the potential to bring about a phenomenal way cancer is diagnosed and treated.
Yarok Microbio has given the food industry an advanced testing technology that allows faster testing of food and its raw materials. The Jerusalem based startup has won many awards and accolades for this new age testing platform. The company was co-founded by Vladimir Glukhman and Jonathan Sierra in 2017 and has secured $261,800 in funding to date. One of the top Jerusalem based startups for 2019, Yarok Microbio?s test claims to reduce production time while making it more efficient with its novel and affordable food testing technology.
Rebiotic RX secures itself a place among the top Jerusalem startups for 2019 with its steady growth in funding in the recent years. The company is a biotech startup that creates liposomal antibiotics for bacterial infections that have become resistant to antibiotics. The Jerusalem based startup was set up this year and has raised seed money from Integra Holdings. The amount invested in the company is yet to be disclosed but is substantial enough for Rebiotic RX to be counted among the top Jerusalem startups of 2019.
2018 saw a lot of companies raising funding with biotech companies making up for a majority in this list. Many of these startups are less than two years old and have piqued the interest of various startup players who are keenly watching them for any development in the coming year.
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